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Contracts are all around us in our daily lives, from parking garages to dry cleaners to restaurants. These may seem like simple agreements, but they are all examples of contracts. A contract does not have to be a complex legal document between large corporations - it can be as simple as a receipt for your dry cleaning or a parking stub. The key element of a contract is an agreement between two parties, where one party provides a service or product and the other party pays for it. So, even in the most mundane tasks of our day, we are constantly entering into contracts without even realizing it.
